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Prepare journal entries for the following transactions: Assume all investments are Long-term and available-for-sale 2020 3/1 Purchased 13,000 shares of Macy's stock at $20.00 per
Prepare journal entries for the following transactions: Assume all investments are Long-term and available-for-sale 2020 3/1 Purchased 13,000 shares of Macy's stock at $20.00 per share; brokerage fee= $300 5/1 Received a $1.25 per share cash dividend on the Macy's stock 6/1 Purchased 4,000 shares of Nordstrom's stock at $37.00 per share; brokerage fee =$400 8/1 Purchased 3,500 shares of Costco at $330.00 per share; brokerage fee =$500 10/1 Sold all of the Macy's shares at $22.00 per share; brokerage fee =$200
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